Aperio Group LLC trimmed its stake in Gold Fields Limited (NYSE:GFI) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 931,748 shares of the company’s stock after selling 86,676 shares during the quarter. Aperio Group LLC owned approximately 0.11% of Gold Fields worth $8,637,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. grew its stake in Gold Fields by 2.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 54,339 shares of the company’s stock valued at $504,000 after purchasing an additional 1,411 shares in the last quarter. US Bancorp DE boosted its stake in shares of Gold Fields by 7.8% during the 4th quarter. US Bancorp DE now owns 18,626 shares of the company’s stock worth $173,000 after acquiring an additional 1,342 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Gold Fields by 38.1% during the 4th quarter. State of Wisconsin Investment Board now owns 838,741 shares of the company’s stock worth $7,775,000 after acquiring an additional 231,519 shares during the period. Comerica Bank boosted its stake in shares of Gold Fields by 5.0% during the 4th quarter. Comerica Bank now owns 47,615 shares of the company’s stock worth $456,000 after acquiring an additional 2,254 shares during the period. Finally, Allworth Financial LP bought a new position in shares of Gold Fields during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 34.35% of the company’s stock.
Several research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Gold Fields in a research note on Thursday, February 11th. They set a “neutral” rating for the company. Zacks Investment Research downgraded Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.71.
The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 25th. Investors of record on Friday, March 12th will be paid a $0.2183 dividend. The ex-dividend date of this dividend is Thursday, March 11th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.09. This represents a yield of 3%. Gold Fields’s payout ratio is 35.71%.
Gold Fields Profile
Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Australia, and Peru. It holds interests in nine operating mines with an annual gold-equivalent production of approximately 2.2 million ounces, as well as gold mineral reserves of approximately 51.3 million ounces and mineral resources of approximately 115.7 million ounces.
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